R2R Automation and the Art of the Possible: Energy Transfer’s Journey
Revolutionize your finance operations with a roadmap to successful R2R automation
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Record-to-report (R2R) automation is no longer just a convenience—it’s essential for finance teams striving to keep pace with increasing demands for accuracy, scalability, and audit readiness. Join us to explore how Energy Transfer, one of the largest corporations in the U.S., transformed its finance operations through comprehensive R2R automation, resulting in a savings of 45,000 hours annually across 250 legal entities. This transition not only streamlined their financial processes but also empowered accountants to focus on analytical work rather than manual data entry.
In this exclusive session, Sabari Swamanthan will present Energy Transfer’s automation journey, sharing critical milestones and the structured roadmap that made this ambitious project a success. Attendees will learn how key steps, such as gaining leadership buy-in, ensuring active project management, and focusing on robust user acceptance testing, were pivotal in achieving their goals. Meanwhile, Shak Akhtar, General Manager at Redwood Software, will reveal the latest advancements in R2R automation, showcasing the “art of what’s possible” today in finance technology.
This session is designed for finance leaders eager to standardize processes, reduce manual workloads, and implement automation that goes beyond tasks to enable end-to-end process-level efficiency. Participants will gain a clear understanding of the current and future potential of R2R automation to elevate their finance operations and drive strategic value.
Key takeaways include:
- A roadmap to successful R2R automation: Learn the six essential milestones that guided Energy Transfer’s seamless transformation.
- Practical applications of automation: Discover how journal entry, task management, and balance sheet certification automation reduce errors and save time.
- Exploring future possibilities: Gain a visionary perspective on emerging R2R automation tools, transforming finance functions across industries.
Speakers
Shak Akhtar
General Manager Finance Automation
Redwood Software
Shak Akhtar, General Manager of Finance Automation at Redwood Software, possesses extensive experience in finance and IT. With an accounting background from IBM and roles at SAP®, BEA, and Wolters Kluwer/Tagetik, he now leads global initiatives in finance automation and Record to Report, facilitating client-led financial transformation.
Sabari Swamanathan
Assistant Controller Corporate Business Systems and Automation
Energy Transfer
Sabari Swaminathan serves as the Assistant Controller, leading the Corporate Business Systems and Automation Department at Energy Transfer. With extensive experience as an SAP consultant and executive advisor, Sabari has collaborated with numerous Fortune 100 companies to drive strategic process improvements. In his current role, he is focused on optimizing and automating finance operations to enhance efficiency and scalability. His expertise in business transformation is instrumental in Energy Transfer’s journey toward streamlined, data-driven processes.
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